Lucky Block Price Prediction – February 22
LBLOCKUSD may continue its bullish rally to retest the $0.0001069 high level to trigger a new correction. Based on the outlook, if the resistance level rises above the $0.0001069 value, a continuation of the upside is ensured. Hence, high volatility above the $0.00012000 upper resistance level could be witnessed soon by the coin holders, intensifying the recovery momentum and suggesting the best crypto signal to the coin buyers.
Key Levels:
Resistance levels: $0.0000600, $0.0000700, $0.0000800
Support levels: $0.0000400, $0.0000300, $0.0000200
LBLOCKUSD Long-term Trend: Bullish (Daily Chart)
Despite the interference of bears in the price flow, the daily chart market of LBLOCKUSD shows a bullish race. The coin price aims to retest the $0.0001069 high level soon as the bulls remain dominant.
The high bullish impact on the crypto at the $0.0000548 high level during yesterday’s session has contributed to its bullishness in its recent price level.
The market is not much affected by Lucky Blocks’ price decline to the $0.0000456 low value as the daily chart started today because the price remains in an uptrend. This, however, will give the buy traders the motive to influence the price tendency.
With the overall market trend still bullish, the LBLOCKUSD price will likely retest the high accumulation zone of $0.0001069 and provide a higher footing to push the bull rally forward.
Notably, the momentum indicator shows that the price signal of Lucky Block is approaching the oversold region. This means that the pair will turn upside soon, so we expect the price distribution to reverse at the significant level of $0.0000456 and resume its uptrend to retest the $0.0001069 high level soon may hit the $0.0001200 upper resistance zone in the days ahead in its long-term view.
LBLOCKUSD Medium-term Trend: Bullish (4H Chart)
The Lucky Block price has now rebounded to retest the breached $0.0000462 high mark as it moves steadily above the moving average line in its medium-term outlook.
The bulls could not relent anyway, so, the price movement after dropping to a $0.0000458 low level shortly after the opening of today’s 4-hour chart, the price of LBLOCKUSD jumped up to a $0.0000469 high level above the EMA-50. This shows more bulls’ presence in the market.
This bullish breakout will offer the first buy signal for potential recovery and provide a higher footing to push the bull rally forward.
If the coin price could sustain above the pattern supply trend line to retest the previous high of $0.0000579 value, the potential recovery could assist buyers in reaching the $0.0001200 upper high level, indicating a growth opportunity of 80%. Thus, a buying time for the coin traders.
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